NasdaqCM:CODA

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Executive Summary

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Coda Octopus Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CODA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.9%

CODA

-0.6%

US Electronic

1.3%

US Market


1 Year Return

-61.0%

CODA

-0.4%

US Electronic

6.1%

US Market

Return vs Industry: CODA underperformed the US Electronic industry which returned -1.6% over the past year.

Return vs Market: CODA underperformed the US Market which returned 6% over the past year.


Shareholder returns

CODAIndustryMarket
7 Day-5.9%-0.6%1.3%
30 Day-17.9%-5.8%-0.3%
90 Day-9.9%15.6%16.6%
1 Year-61.0%-61.0%0.7%-0.4%8.4%6.1%
3 Year10.6%10.6%14.7%11.5%35.8%26.9%
5 Year309.0%309.0%57.1%50.1%62.7%44.7%

Price Volatility Vs. Market

How volatile is Coda Octopus Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Coda Octopus Group undervalued compared to its fair value and its price relative to the market?

16.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CODA ($4.81) is trading above our estimate of fair value ($3.93)

Significantly Below Fair Value: CODA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CODA is good value based on its PE Ratio (16.6x) compared to the Electronic industry average (20.2x).

PE vs Market: CODA is poor value based on its PE Ratio (16.6x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: CODA is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: CODA is good value based on its PB Ratio (1.6x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is Coda Octopus Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

69.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CODA's forecast earnings growth (69.2% per year) is above the savings rate (2.2%).

Earnings vs Market: CODA's earnings (69.2% per year) are forecast to grow faster than the US market (22.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CODA's revenue (17% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: CODA's revenue (17% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CODA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Coda Octopus Group performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CODA has high quality earnings.

Growing Profit Margin: CODA's current net profit margins (13.8%) are lower than last year (35.2%).


Past Earnings Growth Analysis

Earnings Trend: CODA's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: CODA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CODA had negative earnings growth (-63.4%) over the past year, making it difficult to compare to the Electronic industry average (-6.6%).


Return on Equity

High ROE: CODA's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is Coda Octopus Group's financial position?


Financial Position Analysis

Short Term Liabilities: CODA's short term assets ($26.2M) exceed its short term liabilities ($4.3M).

Long Term Liabilities: CODA's short term assets ($26.2M) exceed its long term liabilities ($902.3K).


Debt to Equity History and Analysis

Debt Level: CODA's debt to equity ratio (4.3%) is considered satisfactory.

Reducing Debt: CODA's debt to equity ratio has reduced from 535% to 4.3% over the past 5 years.

Debt Coverage: CODA's debt is well covered by operating cash flow (367.3%).

Interest Coverage: CODA's interest payments on its debt are well covered by EBIT (47.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Coda Octopus Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CODA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CODA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CODA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CODA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CODA's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Annmarie Gayle (53yo)

8.83yrs

Tenure

US$255,003

Compensation

Ms. Annmarie Gayle, LL.B, LLM has been the Chief Executive Officer of Coda Octopus Group, Inc. since September 2011 and as its Chairman of the Board since March 2017. Ms. Gayle served as Senior Vice Presid ...


CEO Compensation Analysis

Compensation vs Market: Annmarie's total compensation ($USD255.00K) is below average for companies of similar size in the US market ($USD609.39K).

Compensation vs Earnings: Annmarie's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Annmarie Gayle
CEO & Chairman8.83yrsUS$255.00k0.12% $62.7k
Michael Midgley
Chief Financial Officer7.5yrsUS$207.48k0.066% $34.4k
Blair Cunningham
President of Technology15.5yrsUS$197.95k0.23% $116.9k

8.8yrs

Average Tenure

53yo

Average Age

Experienced Management: CODA's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Annmarie Gayle
CEO & Chairman8.83yrsUS$255.00k0.12% $62.7k
Mary Losty
Independent Director3yrsUS$40.00k0.53% $274.9k
Michael Hamilton
Independent Director10.08yrsUS$40.00k0.066% $34.4k
Tyler Runnels
Independent Director2yrsUS$82.29k7.99% $4.1m
Joseph Plumb
Independent Director0.83yrUS$3.44k0.11% $55.0k

3.0yrs

Average Tenure

64yo

Average Age

Experienced Board: CODA's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

Coda Octopus Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coda Octopus Group, Inc.
  • Ticker: CODA
  • Exchange: NasdaqCM
  • Founded: 1994
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$51.717m
  • Shares outstanding: 10.75m
  • Website: https://www.codaoctopusgroup.com

Number of Employees


Location

  • Coda Octopus Group, Inc.
  • 3300 South Hiawassee Road
  • Suite 104-105
  • Orlando
  • Florida
  • 32835-6350
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CODANasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDSep 2004

Biography

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business. It offers CodaOctopus GeoSurvey data acquisition and interpretation software; acquisition products, such as hardware and software solutions for field acquisition of sidescan sonar and sub-bottom profiler; and CodaOctopus GeoSurvey productivity suite of software that automates the tasks of analyzing, annotating, and mosaicing complex data sets. The company also provides motion sensing products, which include Octopus F180 and F170 products that bring accurate positioning and motion data into offshore conditions for marine survey applications. In addition, it offers CodaOctopus underwater inspection system; 3D MATT, a multiple automatic target tracking solution used for diver tracking; and Echoscope and construction monitoring software used for tracking and placement of single layer armor blocks used in breakwater construction; and 4G Underwater Survey Explorer that provides real-time visualization and automation processing for sonar software. Further, the company provides engineering services and embedded solutions, such as mission computers to prime defense contractors; and Thermite rugged visual computers, subsea telemetry and data acquisition systems, rugged workstations, analog-to-digital converters, and rugged LCD displays. It markets its products under the CodaOctopus brand name. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 00:01
End of Day Share Price2020/07/08 00:00
Earnings2020/04/30
Annual Earnings2019/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.